Iforce Limited
Registered name: IFORCE LIMITED
Part of TM Corporate Holdings UK Limited groupIforce Limited made £77.9m revenue and a £9.1m loss in the year to 29 Dec 2024.
Iforce Limited’s revenue fell 15% to £77.9m in the year to 29 Dec 2024, with a loss of £9.1m and 526 employees. The company is classified under “packaging activities” and is based in Warrington; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Warrington
- Age
- 29 yrs · since 1997
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2022 | 29 Dec 2023 | 31 Dec 2023 | 29 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £99.6m | £91.6m | £91.6m | £77.9m |
| Cost of sales | −£66.8m | −£62.7m | −£62.7m | −£53.9m |
| Gross profit | £32.9m | £28.9m | £28.9m | £24m |
| Operating profit | £6.3m | £408k | £408k | −£3.7m |
| Profit before tax | £4.2m | −£2.2m | −£2.2m | −£9.1m |
| Profit after tax | £4.9m | −£4.3m | −£4.3m | −£9.1m |
| Profit (best available) | £4.9m | −£4.3m | −£4.3m | −£9.1m |
| Employees (average) | 919 | 630 | 630 | 526 |
| Ratios | ||||
| Profit margin | 4.9% | −4.7% | −4.7% | −11.7% |
| Gross margin | 33% | 31.5% | 31.5% | 30.8% |
| Revenue per employee | £108k | £145k | £145k | £148k |
| Profit per employee | £5.3k | −£6.8k | −£6.8k | −£17.3k |
| Growth (year on year) | ||||
| Revenue growth | — | ▼8.1% | — | ▼14.9% |
| Profit growth | — | ▼187.8% | — | — |
| Headcount growth | — | ▼31.4% | — | ▼16.5% |
| Balance sheet — indirect signals, not revenue | ||||
| Net assets | — | — | — | — |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −11.7%
- Profit ÷ revenue.
- Gross margin
- 30.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £148k
- Revenue ÷ average employees.
- Profit per employee
- −£17.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼17%
- Now 526
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- TM Corporate Holdings UK Limitedultimate parent75–100%
- Culina Group Limited75–100%
- Greenwhitestar Acquisitions Limited75–100%
- Iforce Group Limited75–100%
- Iforce Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Iforce Auctions LimitedFigures not disclosed
- Iforce Trading LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 29 Dec 2024 (profit −£9.1m), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Updated from Companies House on 20 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.